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Car Leasing Businesses in Risk of Taking on Enormous Tax Burdens

Car Leasing Businesses in Risk of Taking on Enormous Tax Burdens

SEOUL, Dec. 4 (Korea Bizwire) – Car leasing companies are highly likely to shoulder heavy tax burdens starting next January, as the Korean government plans to raise their tax rates. When the policy is implemented, business owners will face tax increases of up to 1360 percent. The Ministry of Government Administration and Home Affairs pre-announced a [...]